National Bank Holdings Corporation (NYSE:NBHC) Receives $46.80 Consensus PT from Analysts

Shares of National Bank Holdings Corporation (NYSE:NBHC) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $46.80.

Several brokerages recently issued reports on NBHC. Stephens cut National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a research note on Thursday, August 6th. Piper Sandler dropped their price objective on National Bank from $52.00 to $51.00 and set an “overweight” rating for the company in a report on Monday, July 27th. Wall Street Zen raised National Bank from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings cut National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th.

Institutional Trading of National Bank

A number of institutional investors and hedge funds have recently made changes to their positions in NBHC. Nykredit A S bought a new position in National Bank in the second quarter valued at approximately $34,000. Meeder Asset Management Inc. acquired a new position in National Bank during the fourth quarter valued at approximately $48,000. Global Retirement Partners LLC bought a new stake in National Bank during the fourth quarter worth $66,000. State of Wyoming acquired a new stake in shares of National Bank in the 4th quarter valued at $69,000. Finally, Quarry LP increased its stake in shares of National Bank by 50.8% in the 3rd quarter. Quarry LP now owns 1,819 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 613 shares during the last quarter. Institutional investors own 92.65% of the company’s stock.

National Bank Trading Up 2.0%

NBHC stock opened at $41.66 on Thursday. National Bank has a 52 week low of $35.06 and a 52 week high of $47.28. The company has a market capitalization of $1.86 billion, a PE ratio of 17.51 and a beta of 0.77. The company’s 50-day simple moving average is $43.40 and its 200 day simple moving average is $41.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.96 and a current ratio of 0.97.

National Bank (NYSE:NBHC) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.03). National Bank had a return on equity of 8.35% and a net margin of 15.11%.The business had revenue of $129.94 million during the quarter, compared to analyst estimates of $135.08 million. During the same quarter last year, the firm earned $0.88 EPS. National Bank’s revenue for the quarter was up 23.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that National Bank will post 3.35 earnings per share for the current year.

National Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, August 28th. National Bank’s dividend payout ratio is presently 53.78%.

About National Bank

National Bank Holdings Corporation (NYSE: NBHC) is a diversified financial services holding company headquartered in Cape Girardeau, Missouri. Through its network of community bank subsidiaries, the company provides deposit, lending and payment solutions to consumer, small business and commercial clients across multiple U.S. markets.

Since its founding in 1992, National Bank Holdings has pursued a growth strategy focused on acquiring and integrating locally branded community banks. Its footprint spans the Midwest and Southern United States, including Missouri, Kansas, Oklahoma, Texas, Colorado, Illinois and Tennessee.